Intersection of 4-year Bear Trendline Slows USDJPY
While the week is not over yet, resistance at the intersection of the 4-year bear trendline for USDJPY at approximately 85.50 – 86.00 has finally slowed the pair, leaving it 50 pips from yesterday’s high at 85.50. USDJPY has vaulted nearly 900 pips the previous 3-weeks in what will likely be seen as one of [...] [...more]
